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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters StreetEvents
Provider: Thomson Reuters StreetEvents

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Carlsberg acquires Chongqing Beer Group Assets Management Co. Ltd

Monday, 30 Dec 2013 03:11am EST 

Carlsberg A/S:Says Chongqing Beer (Group) Co. Ltd has accepted Carlsberg's offer to acquire 100 percent of Chongqing Beer Group Assets Management Co. Ltd.Says Chongqing Beer Group Assets Management Co. Ltd is a holding company headquartered in Chongqing, China, and comprises a total of eight breweries with a capacity of about 12m hl.Says the breweries are located in three provinces (three in Jiangsu, three in Anhui and two in Zhejiang) and primarily sell brands in-licensed from Chongqing Brewery Company Co. Ltd (CBC) as well as the brand Tianmuhu.Says the total purchase price for the group will be 1.56 billion yuan (about 1.4 billion Danish crowns).Says when the parties have executed the required transaction documents to give effect to the accepted offer, the transaction will have to go through the usual regulatory approval process. 

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